GRACE SCHOOL OF THEOLOGY

EIN: 760690847 501(c)(3) Education

THE WOODLANDS, TX

Total Revenue
$6,555,458
Total Expenses
$6,524,204
Total Assets
$1,969,787
Net Assets
$1,078,901
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
TX
Principal Officer
DAVE ANDERSON
Phone
8774768674
Tax Period
2023-07-01 to 2024-06-30

GRACE SCHOOL OF THEOLOGY, founded in 2001, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP SPIRITUAL LEADERS IN EVERY NATION WHO CAN TEACH OTHERS ABOUT THE LOVE OF CHRIST, A LOVE THAT CANNOT BE EARNED AND CANNOT BE LOST.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,248,048
Program Service Revenue $2,290,299
Investment Income $0
Other Revenue $17,111
TOTAL REVENUE $6,555,458

Expense Breakdown

Grants Paid $2,064,562
Salaries & Benefits $3,339,849
Fundraising Expenses $358,713
Program Expenses $5,487,687
Other Expenses $1,119,793
TOTAL EXPENSES $6,524,204

Year-over-Year Comparison

2023 2022 Change
Revenue $6,555,458 $6,018,542 +0.1%
Expenses $6,524,204 $5,964,688 +0.1%
Net Income $31,254 $53,854 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
9
Employees
63
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$320,178
Total Directors
10
$262,804
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE ANDERSON TRUSTEE/PRES 40.00
Officer Director
$196,060 $66,744 $262,804
FRED CHAY MANAGER 40.00
Highest
$137,559 $0 $137,559
CLINT DIXON SR. DIR.- OP 40.00
Officer
$28,374 $29,000 $57,374
MARK ALBERS VICE CHAIR/T 1.00
Officer Director
$0 $0 $0
VICTOR CARDENAS TRUSTEE 1.00
Director
$0 $0 $0
TIM DUNN TRUSTEE 1.00
Director
$0 $0 $0
CAROLINE FIFE TRUSTEE 1.00
Director
$0 $0 $0
TRACY MARSHALL TRUSTEE 1.00
Director
$0 $0 $0
SCOTT MCEWEN CHAIR 1.00
Officer Director
$0 $0 $0
DAVID NICHOLS TRUSTEE 1.00
Director
$0 $0 $0
DIAN SUSTEK TRUSTEE 1.00
Director
$0 $0 $0
ROBERT TEBOW TRUSTEE 1.00
Director
$0 $0 $0
ROBERT KING COO AS OF 20 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $6,555,458 $6,524,204 $1,969,787 $31,254
2023 $6,018,542 $5,964,688 $2,439,036 $53,854
2022 $6,167,472 $6,097,103 $1,962,026 $70,369
2021 $6,038,036 $5,929,104 $1,343,724 $108,932
2020 $6,649,833 $6,533,110 $1,626,106 $116,723
2019 $6,808,728 $6,761,533 $979,777 $47,195
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